Downtown L.A. (C42) Homes with Spanish Style

Welcome to Downtown Los Angeles (C42), a vibrant urban oasis where history meets modernity in the heart of California's bustling metropolis. As the cultural and economic hub of Los Angeles County, Downtown L.A. offers a dynamic lifestyle characterized by an eclectic mix of art, dining, and entertainment. With its iconic skyline, historic architecture, and a rich tapestry of neighborhoods, this area is a magnet for those seeking an exciting urban experience.

One of the standout features of Downtown L.A. is its stunning collection of Spanish-style homes. These charming residences showcase the beauty of California's architectural heritage, with their red-tiled roofs, arched doorways, and ornate wrought-iron details. The Spanish Revival style, which flourished in the early 20th century, is celebrated for its warm colors and inviting courtyards, creating a sense of tranquility amidst the bustling city life.

Living in a Spanish-style home in Downtown L.A. means embracing a unique lifestyle that blends traditional elegance with modern conveniences. Many of these homes are located within walking distance of vibrant hotspots, including art galleries, theaters, and some of the finest dining establishments in the city. Residents can enjoy leisurely strolls through historic districts or take advantage of the numerous parks and green spaces that provide a welcome respite from the urban pace.

Whether you are drawn by the allure of Spanish-style architecture or the vibrant energy of Downtown L.A., this region offers an unparalleled living experience that captures the essence of California's rich cultural landscape. Embrace the charm and sophistication of this remarkable area, where every corner tells a story and every home is a piece of art.

Newest Downtown L.A. (C42) Homes with Spanish Style

$799,000

6 Beds ⋅ 3 Baths ⋅ 26832565 MLS ⋅ Active Status

537 West 54th Street is a 3-unit apartment complex located just west of Figueroa and north of Slauson Avenue. It consists of 2 buildings totaling 2,128 square feet. The duplex in front has (2) 2 bedroom-2-bathroom apartments and the rear house is a 2-bedroom 1 bath. The current income is $1,274 for one of the front 2-bedroom units and the other is rented at $2,100. The house is currently leased at $1,352 per month. The annual projected income is $56,712; however, one of the front 2-bedrooms may become available soon, which would help to increase the annual income substantially. No guarantee on that. Another huge benefit is that this property is separately metered for ALL utilities. Yes, no water, gas or electric bills. The structures were built in 1923 of wood-frame stucco construction, and they are situated on a 5,462 square foot lot, which is zoned LAR2. Great opportunity for a first-time investor or owner occupant. Call or email for more details.

535 W 54th Street, Los Angeles

$1,450,000

7 Beds ⋅ 5 Baths ⋅ 26694889 MLS ⋅ Active Status

6101 Compton Avenue is a mixed-use investment opportunity located at the corner of Compton Avenue and East 61st Street in Los Angeles. Built in 1929, the property includes four commercial units, one studio, one two-bedroom/one-bath unit, two one-bedroom/one-bath units, one three-bedroom/one-bath unit, and a detached one-bedroom ADU at the rear. The property will be delivered with two vacant commercial units and two vacant upstairs residential units, giving a new owner immediate lease-up or owner-user potential. Strong in-place cash flow may help support favorable purchase financing. With a diverse unit mix, existing income, and vacancy upside, this is an attractive value-add opportunity.

6101 Compton Avenue, Los Angeles

$3,150,000

SR26039501 MLS ⋅ Active Status

Investment Highlights • Comprehensive 2024 Gut Renovation with New COFO: The entire building was gut renovated, resulting in a new Certificate of Occupancy issued in 2024. Over $1.2 million in capital improvements were completed, including all-new plumbing, electrical systems, drywall, paint, flooring, and cabinetry. This turnkey status provides investors with a high-quality asset and minimal immediate maintenance requirements. • Proven Micro-Unit Model with Strong Rental Yield: The building features 23 units comprised primarily of micro-units (87% studios) designed to serve budget-oriented residents in Los Angeles. This high-efficiency model yields an impressive rent of $5.28 per square foot, justifying the property's valuation through proven rental demand for smaller, affordable living spaces. • Immediate Financial Performance and High Returns: At an asking price of $3,150,000, the property offers a current CAP rate of 6.25% and a 4.04% Cash-on-Cash return, with substantial mark-to-market upside as legacy leases are brought to the property’s own recently-achieved renovated rents. • Substantial Built-In Revenue Upside: There is significant potential for growth, with the pro forma CAP rate projected at 7.74% and a Cash-on-Cash return of 9.02%. Financial projections show that monthly income can grow from the current $34,290 to a market rate of $38,337, representing an approximately 12% revenue increase as legacy leases are marked to market. • Strategic Location in Historic South Central Hub: Located at 440 E 27th Street, the property is nestled in a thriving rental hub near the University of Southern California (USC) and major transit routes like the Expo Line. The neighborhood is experiencing active revitalization and sits within a demographic area projected to have an average household income of $81,857 within a 3-mile radius by 2026.

440 E 27th, Los Angeles

$1,049,000

TR25253397 MLS ⋅ Active Status

Charming 1920s Quadruplex in Prime Los Angeles Location – 559 S Coronado St This classic 1922-built quadruplex offers a rare investment opportunity in the heart of Los Angeles. With 3,175 sq ft of living space across four spacious units, each featuring 1 bedroom and 1 bathroom, this property blends vintage charm with income-generating potential. Property Highlights: Address: 559 S Coronado St, Los Angeles, CA 90057 Units: 4 (1 bed / 1 bath each) Total Living Area: 3,175 sq ft Lot Size: 4,318 sq ft Zoning: LAR4 – ideal for multifamily development or long-term hold Located near MacArthur Park and Koreatown, this centrally positioned property offers easy access to DTLA, public transit, and a vibrant mix of dining and shopping. Whether you're an investor looking to expand your portfolio or a buyer seeking a live-in income property, this quadruplex delivers flexibility and upside.

559 S Coronado, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.